: (1) Based on the request of the farmer, the member organization can sell the protected livestock before the expiry of the payment period and give permission to buy new livestock instead.
(2) According to sub-rule (1), if a farmer sells protected livestock and buys new livestock with the approval of the fund, the fund may protect such new livestock under the following conditions:-
(a) If the farmer purchases new livestock within seven days from the date of receipt of approval from the member organization,
(b) If the member organization is informed in writing within seven days of purchase of livestock,
(c) On payment of security fee as per Rule 11,
(d) If the health check is done within thirty five days of purchasing the new livestock and the signal leash is affixed as per rule 6.
(3) The farmer may submit an application to the concerned member organization with the proof of completion of the procedure as per sub-rule (2) for the protection of the livestock purchased with approval as per sub-rule (1).
(4) If an application is received in accordance with sub-rule (3), the member organization shall send a written report to the Fund within fifteen days of the receipt of the application for the issuance of the protection article for such livestock.
(5) If written in accordance with sub-rule (4), the fund shall issue a security letter for the remainder of the loan repayment period, mentioning the amount of loan and interest remaining in the borrower's loan account or the security amount written in the initial security letter, whichever is less, by the date of issuing the security letter.